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Republic of Croatia: Selected Issues
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2008: Issue 159
Language:
English
Publication Date:
16 May 2008
DOI:
https://doi.org/10.5089/9781451817478.002
ISBN:
9781451817478
ISSN:
1934-7685
Pages:
71
Keywords:
ISCR; CR; Croatia; GDP; spending; balance; debt; efficiency score; student-teacher ratio; system efficiency; education outcome; NICA balance; poverty rate; school enrollment; OECD country; Current account balance; Health care spending; Global; Europe
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The first analysis focuses on external stability, an important issue in view of Croatia’s external imbalances and the requirements of the IMF’s 2007 Decision on Bilateral Surveillance. The paper shows that the real exchange rate is broadly in line with economic fundamentals and that external debt dynamics are sustainable as long as macroeconomic policies remain strong. The second analysis finds significant inefficiencies in Croatia’s social spending. It also discusses several reform measures to reduce inefficiencies in public spending and generate budgetary savings to reduce the general government deficit.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund